Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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Before you buy, here’s how to compare home insurance + MORE Aug 6th
Home insurance is important, but no one loves paying for it. That’s why people like to open their browsers and search for “cheap home insurance” and “how to save on home insurance.”
Any insurance professional will tell you that there’s no easy answer for cheap and full coverage,.... More »
How do mortgage brokers get paid? Feb 18th
Q. Is it typical to pay a mortgage broker fee in advance, and before closing?
My broker is saying that I have to pay cash one week before closing, and that he will pay other persons who are involved. I am confused as to why brokers payment in advance and in cash.
–Adil
A. A mortgage broker can obt.... More »
Opinion: When another refinance may be the wrong answer + MORE Jun 20th
As equity shrinks and household debt rises, some homeowners are finding that another mortgage may only delay a deeper financial reckoning..... More »
Should you buy or sell first in today’s real estate market? May 1st
We’re in the market for a new home, but we aren’t sure whether we should sell our home first or buy first. We’ve had people suggest both, and we’re wondering what might be best in the current real estate market.
Should you buy or sell first in real estate?
Whether you should buy .... More »
Lender Calls – Q4 Roundup Mar 31st
Canada’s largest broker channel players have now reported fourth-quarter earnings. The quarter was unusually rich in earnings commentary, particularly about Ottawa’s latest mortgage regulations. Most companies have downplayed the impact of those rules. But as all of us in the industry kn.... More »
President's Choice Fin'l – 3 year Closed : 3.59% (0.1%)
– ratesupermarket.ca
President’s Choice Fin’l 3 year Closed mortgage rate was changed on September 25, 2013
President's Choice Fin'l – 1 year Closed : 3.24% (0.1%)
– ratesupermarket.ca
President’s Choice Fin’l 1 year Closed mortgage rate was changed on September 25, 2013
From stock-picker to indexing purist
– moneysense.ca
Emily Li, 29, and her husband, 32, have just $30,000 left on their condo’s mortgage, and in three years or so they want to buy a bigger home. The couple also hopes to retire in their late 50s, and they’re well on their way. They have no consumer debt and their frugal ways have given them a big head start on retirement. Emily is a fan of MoneySense’s Couch Potato strategy and owns a few equity ETFs, but she still holds many individual stocks that would trigger capital gains tax if sold. Is the tax hit worth taking for the peace of mind and better diversification she’d gain from an indexed portfolio?
PWL Capital portfolio manager Justin Bender is a no-nonsense pure indexer and no stranger to the pages of MoneySense. He takes no prisoners when it comes to clients who want to pick their own stocks. In his discussions with Emily, it became clear there were no good reasons for her to own individual stocks, and the one-time capital gains tax of $2,500 was an acceptable trade-off to assemble the kind of set-it-and-forget it Couch Potato portfolio Emily believed she needed…
Spotlight On Mortgages: October 4, 2013
– ratesupermarket.ca
How U.S. Debt Fears Could Lower Canadian Mortgage Rates
Canada is in a unique post-recession position. The fact that our nation weathered the financial crisis better than most and has taken steps toward recovery makes us an attractive option for global bond investors – meaning our cost of borrowing actually benefits from global economic turbulence.
A Boost For The Bond Market
That’s just what’s happened this week, as increasing volatility in the U.S. drove investors back to the shelter of “safe haven” Canadian government bonds, pushing yields slightly but steadily lower in the short term. As of today, five-year bonds are yielding 1.86 per cent, down from 1.89 last week and 19 basis points lower than 2.05 per cent four weeks ago. Ten-year yields are now at 2.54, a 17-point decline from last month’s levels of 2.71 per cent. And, while lenders are much slower to lower their mortgage rates than raise them, we have seen a moderation of five-year fixed mortgages this week, down to 3…
Coast Capital Savings – 4 year Closed : 3.39% (0.14%)
– ratesupermarket.ca
Coast Capital Savings 4 year Closed mortgage rate was changed on September 27, 2013
